Saturday, September 14, 2024

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HK local racing turnover down by 10% due to illegal betting, outbound tourism and “aggressive marketing” by Macau casinos

Hong Kong’s betting turnover on local races fell by nearly 10 percent in 2023, with the Hong Kong Jockey Club (HKJC) attributing the decline to a rise in illegal gambling and increased spending by residents outside the city.

Melco project in Sri Lanka poised to capitalize on burgeoning Indian outbound tourism: MS

The new Melco Resorts & Entertainment City of Dreams project in central Colombo, Sri Lanka, could benefit from burgeoning wealth and outbound tourism from India, with its casino possibly helping to generate around 50 percent of the property's EBITDA, brokerage Morgan Stanley predicts.

Daily Asia Gaming eBrief: Chinese outbound tourism is on the rise but trends are changing

Operators in Asian gaming jurisdictions need to prepare themselves, as Chinese outbound tourism is expected to rebound this year, finally. However, trends are shifting significantly, as a younger demographic is choosing to travel by themselves.

Chinese outbound travel rebound to continue in 2024 but gaming spending could be lower: Research

The post-pandemic resurgence in Chinese outbound travel is expected in 2024, with the most popular destinations in Chinese travel plans in Asia including many countries and cities with developed gaming industries. However, a researcher warns that changing consumer behaviors among Chinese travelers could signify a reduction in gaming spending.

Air links and visas key for China’s outbound travel rebound

Research highlights air links and visa issues as key contributors to China's outbound travel rebound in 2024. As more Asian countries waive visa requirements for Chinese travelers, casinos in the region stand to benefit.

China’s outbound travel bookings surge 10 times during Chinese New Year

With global tourism approaching full recovery, the Chinese online travel agency (OTA) giant Trip.com Group has reported a strong booking interest in Asia.

Daily Asia Gaming eBrief: Outbound China tourism recovery good news for Genting

Genting operations in Malaysia and Singapore 2024 are poised to get a shot in the arm from the recovery in the Chinese outbound tourism market. Analysts from Hong Leong Investment Bank Research and Maybank see the group’s Resorts World properties getting back or exceeding pre-pandemic revenue figures.

China’s outbound travel recovered to 80 percent of the pre-COVID level, according to Trip.com

One of the world's biggest Online Travel Agencies (OTA), headquartered in Shanghai, Trip.com Group, reveals that China's outbound tourism has further rebounded in 3Q23.

Online travel giant Trip.com confident in Chinese outbound travel as tourism recovery continues

Trip.com Group's CEO, Jane Sun, believes that Chinese outbound travelers will gradually increase as international flights resume, and visa applications continue to rise.

PH authorities suspend new outbound travel rules for int’l-bound Filipinos

Authorities in the Philippines have temporarily suspended new outbound travel guidelines for international-bound Filipinos amidst public backlash the measure was imposing on the rights of nationals to go overseas.